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If I'm not mistaken the bill requires that all startups would be required to file with SEC and a 120 day waiting period would commence. Additionally if the SEC couldn't get to the filing and 120 days elapsed then the startup would have to refile all over again in each individual state that potential investors are in. In your post I didn't see Barney Frank commit to startups in the same way he committed to investors. You're obviously more up to speed on this than I, however, when I see things that are not talked about then I question. Thanks.
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Jeff, That's good news and like you I'll believe it when I see it. There is one thing that I don't see in Barney Frank's statements: Anything about startups. Did Frank say anything about not burdening start-ups?
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May 11, 2010